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The Signium Interview with Patrick Kennedy, ex Chief Executive of Paddy Power plc
Manage episode 399702844 series 3552668
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The inaugural Signium Interview was held on the 9th March 2016 with Patrick Kennedy, then Deputy Governor of Bank of Ireland and Chairman of CarTrawler, the private-equity-backed online travel business, shares his insights on the transformation of Power Power under his 10-year leadership, their innovative and mischievous branding and marketing, the acquisition of Sportsbet Australia, the failures and learnings along the way, among other things.
From 2006 to 2014, he was Chief Executive of Paddy Power plc, the international betting and gaming group. It was without any doubt one of the most successful CEO tenures in Irish corporate history where the notable highlights include:
- 400% growth in turnover and profitability to €882m and €167m respectively
- Shareholder returns of over 500%.
- Transformation of the business from predominantly Irish and retail channel focussed to c.80% online and international.
- Doubling of staff numbers from 1500 to 3000.
Before joining Paddy Power, Patrick was Chief Financial Officer of Greencore Group plc. Prior to this, he worked as a strategy consultant with McKinsey in London, Dublin & Amsterdam and commenced his career in Corporate Finance at KPMG Dublin.
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